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17 Apr 2014
USD/JPY reaches fresh weekly highs
FXStreet (Córdoba) - The USD/JPY accelerated gains during the American afternoon as the dollar gathered pace across the board.
The USD/JPY pierced through previous weekly highs and reached a 9-day peak of 102.43 before finding resistance. The USD/JPY is currently trading at the 102.40 zone, recording a 0.18% gain Thursday and on track to post its fifth daily gain in a row.
USD/JPY levels to watch
If the USD/JPY breaks decisively above 102.43, next resistances could be found at 102.49 (21-day SMA) and 102.89 (100-day SMA) ahead of 103.00 (psychological level). On the flip side, supports are now seen at 102.00 (psychological level), 101.85 (Apr 17 low) and 101.49 (Apr 15 low).
The USD/JPY pierced through previous weekly highs and reached a 9-day peak of 102.43 before finding resistance. The USD/JPY is currently trading at the 102.40 zone, recording a 0.18% gain Thursday and on track to post its fifth daily gain in a row.
USD/JPY levels to watch
If the USD/JPY breaks decisively above 102.43, next resistances could be found at 102.49 (21-day SMA) and 102.89 (100-day SMA) ahead of 103.00 (psychological level). On the flip side, supports are now seen at 102.00 (psychological level), 101.85 (Apr 17 low) and 101.49 (Apr 15 low).